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Start-up@Singapore is the National Business
Plan Competition organized by NUSBSA and NUS Entrepreneurship Centre. This
nationwide competition is organized for entrepreneurs by entrepreneurs to
promote the spirit of entrepreneurship, and to provide a platform for people
with ideas to convert them into reality.
On 10 November 2006, students and staff
gathered at LT W3 to find out more about the Start-up@Singapore National
Business Plan Competition and get tips from our guest speaker, Mr Lee Junior
(Co-Founder of ACE Nexus). Mr Lee serves as an Advisor on the Steering Committee
for the competition. He spoke about the “Emotive Aspects of Entrepreneurship”
and shared with the audience his experiences on various aspects of starting a
business.
Mr Lee captured the attention of the
audience and interacted well with them, encouraging every individual to “dare to
try” as people only regret what they do not try at all. He emphasized the
importance of planning when starting a business, stressing that everyone should
understand the importance of knowledge, having the network and seizing their
opportunities.
Mr Lee also gave the audience some
invaluable pointers about what they need to learn when starting a business.
Some of the aspects one must be able to juggle between are:
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Marketing
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Finance
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Fund-raising
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Legal & IP
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Scalability
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Defensibility
Mr Lee also shared some interesting personal
anecdotes with the audience and said that one must not only be able to talk
the talk (learn all the required jargon and do your ‘homework’) but one must
also be able to walk the walk. Being an entrepreneur requires mental toughness
and resilience, and the flexibility to adapt oneself in any situation. It is also
about working well as a team. While there are many obstacles that one may face
initially, without risks there would also be no returns. It was a truly
insightful talk as the audience left with a better awareness and understanding
of entrepreneurship.
Staff and students interested in
implementing their ideas are encouraged to
register for the 8th Start-Up@Singapore National Business Plan Competition.
Registration is open till the 26 January 2007. For more information about the
competition, please refer to:
www.startup.org.sg.
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